ABUJA, April 24 (Reuters) - Nigeria's central bank has
collected 1.4 trillion naira ($3.9 bln) from banks with excess
cash holdings as part of measures to support the naira currency,
banking sources told Reuters.
The levy helped banks meet a special cash ratio requirement
imposed to help soak up liquidity from the banking system.
Money market rates spiked to between 10% and 15% following
after the money was debited, from just 2% the previous session.